A rival view favors an implied active participle such as «mustaqirr», because the simple (single-word) predicate is treated as basic in the chapter of khabar.
وَقِيلَ بِاسْمِ الْفَاعِلِ؛ لِأَنَّ الْأَصْلَ فِي الْخَبَرِ أَنْ يَكُونَ مُفْرَدًا
It is also said to imply an active participle, since the original form of a predicate is a single word.
The first argument emphasizes the primacy of the verb in governance; this one emphasizes the baseline structure of the predicate. They need not disagree about the broad locative meaning communicated.